Regulatory Alerts2022-05-17
Guidelines for Credit Rating Agency Approval for the Non-Bank Deposit Taker Sector
The Reserve Bank of New Zealand issued these guidelines to establish criteria for approving credit rating agencies under the Non-bank Deposit Takers Act 2013. The document mandates that agencies demonstrate independence, adequate resources, objectivity, and robust disclosure practices to ensure credible assessments. It further requires consistent comparability of ratings and unrestricted third-party access to rating opinions to maintain market integrity.
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